Evaluation of Macroeconomics Performance of Australia and USA : Assignment
Added on -2020-07-22
| 12 pages| 3307 words| 62 views
Trusted by 2+ million users,
1000+ happy students everyday
Showing pages 1 to 4 of 12 pages
Evaluation ofmacroeconomics performanceof Australia and USA
Table of ContentsINTRODUCTION...........................................................................................................................1TASK...............................................................................................................................................1U.S. Economy and its impact on other countries........................................................................1Impact of real GDP growth rates on countries............................................................................1Inflation rates and its impact.......................................................................................................3Impact of interest rates................................................................................................................4Exchanges rates and its impact...................................................................................................6Net export growth rate................................................................................................................6Relationship of both countries....................................................................................................8CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
INTRODUCTIONIn economics there are various aspects which will be focused and the main is manner inwhich resources will be utilised by countries so that maximum advantage can be received. If allthe behaviours will be studied in aggregate then it will be covered in macroeconomics(Huijboom and Van den Broek, 2011). By the help of it employment and income level which ismaintained in economy will be determined. There are various matters which will be coveredunder this and it will be including the change in GDP, interest rates and other matters. As US'seconomy is biggest so all the changes which will be occurring there will be having its impact onother countries. The same will be discussed in this report under which the manner in whichrecession and expansion of Australia is affected by US's real GDP will be described. TASKU.S. Economy and its impact on other countries.In the global economy there will be some or other impact which will have to be faced byall countries due to manner in which activities are carried out in others. The most importantfactor because of which it is happening is trade which is performed among them (Bryant, Hooperand Mann, 2010). The trade which is carried out between US and other countries has increasedrapidly in past years and this is affecting the US economy on large scale. The international tradehas grown at fast pace and amount of imports and exports which are taking place in US are alsorising. It has been noted that out of total GDP 9% was from international trade in 1959 but thishas raised drastically and reached to 25 percent in 1997. there are various advantages which areachieved by this as all the products which are not available in US can be obtained from otherparts of world. Also sometimes products although are produced in country but can be imported atlow cost from others which will be providing additional advantage. In spite of these benefits, government has imposed some restrictions to it in form ofvarious policies such as taxes and quotas so that exchange can be controlled. All of these will behaving impact on global economy as a whole. Impact of real GDP growth rates on countries.Gross domestic product is that factor with the help of which health and growth of anyeconomy will be measured (Messai and Jouini, 2013). There are various goods and serviceswhich are produced and provided by any country every year and the market value of them will1
Found this document preview useful?
You are reading a preview
Upload your documents to download
or
Become a Desklib member to get accesss
Paid Plans
Free Plan
Single Unlock
Monthly Plan
Yearly Plan